SQ Properties LLC Acquires Student Housing In Springfield, MO For $25.7M
430 East Walnut Street, Springfield, Missouri 65806, United States
$25,700,000
Building Size
—
Asset Type
—
Closing
Jun 23, 2022
About this deal
AI
430 E. Walnut Street in Springfield, MO has been sold in a transaction worth $25,700,000. The property is a student housing asset, located in the Springfield market.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $25,700,000
- Date: 06/24/2022
- Address: 430 E. Walnut Street
SQ Properties LLC has acquired the property from Walnut Development Properties. Sean Lyons, Ken Wellar, and Douglas Sitt from Rittenhouse Realty Advisors represented the buyer in this transaction.
The commercial sale at 430 East Walnut Street, Springfield, Missouri 65806, United States in Springfield, Missouri sold for $25.7M in 2022. Sean Lyons, Douglas I. Sitt, Kenneth (Ken) Wellar, Global Real Estate Advisors (GREA) appear on the sale alongside Global Real Estate Advisors (GREA), Triad Real Estate Partners, Rittenhouse Realty Advisors. This page is the Springfield, Missouri file for the 430 East Walnut Street, Springfield, Missouri 65806, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Springfield sit in the Market section below. Filter that Springfield commercial set by closing date to see what else sold near 430 East Walnut Street, Springfield, Missouri 65806, United States around 2022. Published consideration for 430 East Walnut Street, Springfield, Missouri 65806, United States is $25.7M, dated 2022. Cite this SQ Properties LLC Acquires Student Housing In Springfield, MO For $25.7M sale when underwriting similar commercial product around Springfield, Missouri.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93